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Evolution Mining ( (AU:EVN) ) has provided an announcement.
Evolution Mining has reported a strong quarter with record net mine cash flow of $366 million and significant operating mine cash flow of $676 million, aligning with its FY26 cashflow guidance. The company is on track to meet its production and cost targets with a sector-leading all-in sustaining cost (AISC) of $1,724/oz. Evolution Mining has successfully reduced its gearing to 11% by repaying all bank term loans, with no debt repayments due until FY29, and increased its cash balance to $780 million. The Mungari mill project is nearing commercial production, and the Cowal Open Pit Continuation project is progressing as planned, positioning the company well to achieve its strategic and financial objectives for FY26.
The most recent analyst rating on (AU:EVN) stock is a Hold with a A$10.20 price target. To see the full list of analyst forecasts on Evolution Mining stock, see the AU:EVN Stock Forecast page.
More about Evolution Mining
Evolution Mining is a prominent player in the mining industry, focusing primarily on the extraction and production of gold and copper. The company is known for its strategic operations across multiple sites, including Northparkes, Red Lake, Mungari, Cowal, and Ernest Henry, with a strong emphasis on safety and reliable delivery.
Average Trading Volume: 8,592,822
Technical Sentiment Signal: Buy
Current Market Cap: A$22.76B
For detailed information about EVN stock, go to TipRanks’ Stock Analysis page.